In Short : The Asian Development Bank (ADB) and the United Nations have partnered to design climate insurance solutions for businesses in Fiji. The initiative aims to provide financial protection against climate risks, ensuring resilience for enterprises impacted by natural disasters. This collaboration will strengthen Fiji’s economic stability while promoting sustainable development and supporting vulnerable […]
ADB Launches New Country Partnership Strategy for Azerbaijan – EQ
In Short : The Asian Development Bank (ADB) has launched a new Country Partnership Strategy for Azerbaijan, focusing on economic diversification, green growth, and inclusive development. The strategy aims to support private sector expansion, strengthen climate resilience, and promote regional cooperation. This renewed framework reinforces ADB’s long-term commitment to Azerbaijan’s sustainable development and aligns with […]
ADB Appoints Yevgeniy Zhukov Director General for Climate Change and Sustainable Development – EQ
In Short : The Asian Development Bank has appointed Yevgeniy Zhukov as Director General for Climate Change and Sustainable Development. Previously leading ADB’s Central and West Asia Department, Zhukov will now oversee climate finance, adaptation strategies, and sustainability integration across Asia-Pacific. His appointment highlights ADB’s growing emphasis on climate action and building resilience into regional […]
ADB and GCF Partner to Launch Clean Energy Financing Program in India – EQ
In Short : The Asian Development Bank and Green Climate Fund have launched a \$200 million India Green Finance Facility to boost clean energy investments. Targeting green hydrogen, round-the-clock renewables, biogas, and rural e-mobility, the program will channel funds through Indian DFIs. It includes a \$65 million credit guarantee to support smaller developers and aligns […]
ADB and AFD Expand Partnership with $6 Billion Cofinancing Target – EQ
In Short : The Asian Development Bank (ADB) and French Development Agency (AFD) have doubled their co-financing target to \$6 billion for 2025–2028. The expanded partnership will support clean energy, transport, and nature-based projects in Asia-Pacific. Having already mobilized \$4.64 billion since 2022, ADB and AFD aim to accelerate low-carbon growth and boost climate resilience […]
ADB Approves $400 Million for Resilient, Inclusive Development in Bangladesh – EQ
In Short : The Asian Development Bank has approved \$400 million to support Bangladesh’s climate-resilient and inclusive development. The funding, part of the CRID Subprogram 2, will advance climate adaptation, green growth, and disaster resilience. Co-financed by AIIB, the program strengthens policies aligned with Bangladesh’s National Adaptation Plan, aiming to enhance environmental sustainability, institutional reforms, […]
ADB Launches New 5-Year Strategy for Economic Transformation in Nepal – EQ
In Short : The Asian Development Bank has unveiled a new 5-year Country Partnership Strategy (2025–2029) for Nepal, targeting sustainable, inclusive, and climate-resilient growth. With annual support of $500–600 million, the plan focuses on green infrastructure, private sector development, education, and institutional reform. It aims to boost economic transformation through renewable energy, connectivity, agri-commercialization, and […]
ADB Approves $109.97 Million Loan to Boost Advanced Skills and Employability in Gujarat – EQ
In Short : The Asian Development Bank has approved a $109.97 million loan to enhance advanced skills and employability in Gujarat. The initiative aims to modernize technical and vocational education, align training with industry demands, and improve job prospects for youth. It will also focus on inclusivity by supporting women and underserved communities, boosting Gujarat’s […]
ADB Supports Resilient Infrastructure Development in Eastern Thailand – EQ
In Short : The Asian Development Bank is supporting resilient infrastructure in Eastern Thailand’s Eastern Economic Corridor. Key projects include extending Intercity Motorway No. 7 and developing a 2,500 MW gas power plant in Rayong. These initiatives focus on climate resilience, energy security, and inclusive growth, aligning with Thailand’s sustainable development goals and boosting economic […]
Union Minister Shri Manohar Lal meets Mr. Masato Kanda, President Asian Development Bank (ADB) – EQ
In Short : Union Minister Shri Manohar Lal met ADB President Masato Kanda to strengthen India-ADB collaboration in urban development, transport, housing, and energy. Discussions focused on sustainable urbanization, multimodal transit systems, and power infrastructure. They aligned on investment strategies for India’s 2047 vision. Kanda reaffirmed ADB’s support for India’s growth and praised its urban […]